Toyota to hire over 100 term workers as regular employees in FY 2014
TOKYO (Kyodo) -- Toyota Motor Corp. said Friday it plans to hire more than 100 workers currently on term contracts as regular employees within the current fiscal year, more than doubling the number from the previous year, as the world's largest automaker grapples with labor shortages.
Toyota most recently converted a large number of contract workers to regular employees in fiscal 2009, when it promoted 160 to permanent positions.
The auto giant is trying to retain its workforce as concerns about manpower shortages are growing at its production sites in line with improving employment conditions.
In fiscal 2007 before the eruption of the global financial crisis, Toyota converted a record 1,250 term workers to regular ones, but the company has since refrained from hiring more regular workers due to an economic downfall and the yen's appreciation, which led to a fall in its auto production.
About 4,000 term workers are engaged at Toyota's 11 plants in Aichi Prefecture, undertaking vehicle assembly and other roles for fixed periods of less than three years.